Should I Use a Patent Broker?

Q: What does a patent broker do?

A patent broker helps inventors or companies sell or license their patents by connecting them with potential buyers or licensees and managing the deal process.

Q: How do I know if I need a patent broker?

You might need a broker if you have a marketable patent but lack the network or experience to negotiate deals yourself. Brokers can help with valuation, outreach, and closing.

If you’re looking to sell, license, or monetize your patent, you might be considering working with a patent broker. A good broker can help connect you with buyers or licensees—but they’re not always the right fit for every inventor.

What Does a Patent Broker Do?

A patent broker acts as a middleman between you and potential buyers or licensees. Their role includes:

Evaluating your patent or portfolio
Finding interested buyers in specific industries
Negotiating licensing deals or outright sales
Managing confidentiality and legal agreements

When You Should Use a Patent Broker

Consider hiring a broker if:

You have a granted patent with clear commercial value
You don’t have industry connections or sales experience
You’re looking for passive income through licensing
You want help valuing your IP realistically

Risks and Downsides

Some brokers charge high up-front fees
Not all brokers are reputable—watch for red flags
You may give up a percentage of your deal (10%–30% commission)
Some patents are simply too niche or early-stage for commercial interest

How to Find a Good Patent Broker

Check for past deals and industry reputation
Ask if they specialize in your tech area (e.g., medtech, software, automotive)
Understand their fee structure—avoid large up-front retainers
Use referrals, directories, or check Patent Broker Listings

Alternatives to Using a Broker

Direct outreach to potential licensees
Listing your patent on online marketplaces (e.g., IAM Market, Tynax, IdeaConnection)
Working with a Patent Attorney to structure your own licensing terms